AUDUSD - Long Term Sell
Trade Analysis with LT
As price does what it wants we will only react to the market with the expectation to trade on the sell side
Manage it well
PS: Comments are welcome
- Price Action: From the 06/11/20 till 11/11/20 price has been consolidating between 0.73398-0.72390 with a close of each daily candle @ or below 0.72816. It looks like the Big Money needs more sellers to resume the buy that started on the 19/03/20. We can then see price coming down to the 0.382 fib retracement of the move from the 19/03 to 01/09.
- Fundamental: NFP has been positive and with the Election looking a bit more settle US dollar might get stronger in the long run at least for the rest of November.
- Technical: We are making a big consolidation WXY (for now that is what it can do).
As price does what it wants we will only react to the market with the expectation to trade on the sell side
Manage it well
PS: Comments are welcome
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